The Biz2Credit Loan full review
Biz2Credit offers small business loan products with reasonable interest rates and generous borrowing limits.
Finding Fast Funding Options for Small Business Owners
Biz2Credit, established in 2007, serves as a platform connecting small businesses with lenders and offers various loan and credit options tailored to their specific needs.
With over $7 billion in small business funding facilitated, Biz2Credit has become a trusted resource for thousands of American businesses.
Biz2Credit offers three types of business financing: term loans, working capital loans, and commercial real estate loans (CRE).
- Term loans have borrowing limits of up to $500,000 and are designed for larger projects.
- Working capital loans, with amounts as low as $25,000, help businesses expand, cover one-time expenses, hire employees, purchase inventory and equipment, and more.
- Commercial real estate loans (CRE) have a borrowing limit of $6 million and are used for larger purchases, with the existing commercial real estate serving as collateral.
When considering financing options for your small business, Biz2Credit offers fast, practical, and affordable solutions. It’s worth exploring to see what you qualify for without impacting your credit report.
Exploring the Biz2Credit Loan Process
Biz2Credit provides a comprehensive range of business loans, including industry-specific options like loans for hotels, motels, salons, petrol stations, restaurants, and car dealerships.
Financing options from Biz2Credit include:
- Cash advances from merchants
- Loans from the Small Business Administration (SBA)
- Business credit lines
- Property financing
- Funding for machinery
- Franchise financing
- Loans for small business disasters
- Loans for business purchases
- Commercial credit cards
- Unsecured loans
- Bad credit business loans
- Working capital loans
Biz2Credit doesn’t publicly disclose the companies that don’t qualify for financing, but they encourage established businesses with at least two years of operation, consistent profitability, and a good credit history to apply. However, businesses that have been profitable for at least six months may still be eligible for financing.
Simplified Loan Application Process
The Biz2Credit loan application is completed entirely online in just four minutes. You’ll need to provide personal information such as your name, address, phone number, email, financial profile, Social Security number, credit card information, and FICO scores.
Your information is collected only if you choose to apply for a loan through Biz2Credit. Upon providing the necessary documentation, Biz2Credit can issue loans within 24 hours and disburse funds in as little as 72 hours.
Advantages of Biz2Credit Loans
Flexibility
Unlike many internet lenders, Biz2Credit offers flexibility when it comes to borrowing requirements for small businesses. While other lenders may require a minimum of two years in business and a credit score of at least 700, Biz2Credit provides working capital loans to small business owners with a credit score of at least 575 and a history of six months of operation. Businesses operating for 18 months or longer with a credit score over 660 may be eligible for term loans or commercial real estate loans.
Funding Specialists
When you apply for a loan through Biz2Credit, you’ll work with a specialized finance consultant who will guide you through the process, helping you choose the ideal loan amount for your small business and exploring various financing alternatives.
Simple Application Process
Biz2Credit’s platform is praised by business owners for its user-friendly application process. Within minutes, you can create a profile by providing basic information about yourself and your company.
How to Apply for a Biz2Credit Loan
Read our next article to learn everything you need to know about the Biz2Credit loan application process.
